Electrical industry: exports up – growth pace slower

Exports of the German electrical industry continued to increase during August 2015. With EUR 12.9 billion, they exceeded the previous year's level by 4.1 percent.

"However, the growth rate for August was lower than in the first seven months of 2015, when we were looking at an average of eight percent," said ZVEI Chief Economist Dr. Andreas Gontermann. Cumulatively for January-August 2015, the industry exports increased by 7.7 percent to EUR 114.6 billion (compared to the same period last year.